Category: Editors’ Picks

IMF Introduces World Currency
6. 4. 2021 No Responses

IMF Introduces World Currency

It is no joke, something big happened last week. The IMF is going to give out loans in SDR. Special Drawing Rights are IMF’s currency. By itself, they’re nothing special, but the IMF has always lent in U.S. Dollars. That they are...
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White House Unveils Details of $2.25 Trillion Infrastructure Plan, Massive Tax Hikes
31. 3. 2021 No Responses

White House Unveils Details of $2.25 Trillion Infrastructure Plan, Massive Tax Hikes

After weeks of waiting with investors hanging on every new detail, President Joe Biden is expected to unveil the first part of his sweeping economic reform/redistribution plan on Wednesday afternoon. As Biden’s press secretary Jen Psaki revealed over th...
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Iran & China ink 25-year strategic partnership accord
27. 3. 2021 No Responses

Iran & China ink 25-year strategic partnership accord

A cooperation deal between Iran and China covering a quarter of a century has been signed in Tehran, furthering Iran’s role in the Chinese global infrastructure initiative. Both nations are being targeted by US sanctions. The landmark document was signed...
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Something Happened on the Way to Monetary Heaven
26. 3. 2021 No Responses

Something Happened on the Way to Monetary Heaven

Something Happened on the Way to Monetary Heaven: Janet Yellen’s Plunge Protection Team Has $142 Billion to Play With. Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New...
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Event Horizon Telescope Reveals Spiraling Lines of Magnetism in Black Hole
25. 3. 2021 No Responses

Event Horizon Telescope Reveals Spiraling Lines of Magnetism in Black Hole

In 2019, the first ever direct image of a black hole was a hazy, orange revelation. Now, the same team of researchers has produced an update of that image that renders the swirling arcs of the supermassive black hole’s magnetic fields, reports...
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The 15th Century Medici Bank Is Getting A 21st Century Re-Launch
23. 3. 2021 No Responses

The 15th Century Medici Bank Is Getting A 21st Century Re-Launch

The 15th century Medici Bank is getting a 21st century re-launch and also will serve crypto sector. The Medici Bank name, most notably associated with the 15th century banking giant in Italy that, at the time, was the largest and...
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WeWork Losing $3.2 Billion Last Year, In Talks With SPAC
22. 3. 2021 No Responses

WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

The fact that potential investors were even taking meetings with Tel Aviv playboy managed WeWork is a sign of just how few suitable takeover opportunities remain in a market that has been saturated by SPACs (following a decade-plus post-crisis bull...
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ARAMCO’s 2020 Profits Fell By 44%
21. 3. 2021 No Responses

ARAMCO’s 2020 Profits Fell By 44%

Saudi Aramco reported a net profit of $49 billion for 2020, down 44 percent on the year but still a positive figure despite the pandemic that plunged some major oil companies into the red. The company kept its annual dividend at $75...
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World After Countless QEs: A Shortage Of Everything
20. 3. 2021 No Responses

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all.....
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Treasury Injects A Record $271 BIllion In Cash In One Day
19. 3. 2021 No Responses

Treasury Injects A Record $271 BIllion In Cash In One Day

A month ago analysts noted that in line with the Treasury’s forecast for huge net debt drawdown in the current quarter, a record $1.1 trillion in cash and reserves was about to hit the market. Fast forward to today when...
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Household Portfolios Are Oversized, Unbalanced, & Vulnerable
18. 3. 2021 No Responses

Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities). Unbalanced portfolios have proven to be vulnerable to abrupt and sharp corrections. Will history repeat? The most significant vulnerabi...
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Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds
16. 3. 2021 No Responses

Morgan Stanley Becomes First Major US Bank To Offer Crypto Funds

Morgan Stanley is about to become the first major US bank to offer its wealth-management client access to cryptocurrency funds. In a major coup for former hedge fund manager Mike Novogratz, a veteran crypto bull who held on during the...
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GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion
11. 3. 2021 No Responses

GE Sells Aircraft-Leasing Unit to AerCap for $31 Billion

General Electric (NYSE:GE) took the next step in its dramatic transformation under CEO Larry Culp. The industrial titan finalized a deal to sell its GECAS aircraft-leasing business to top rival AerCap (NYSE:AER) as Culp seeks to simplify GE and refocus on...
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ICC Orders US to Pay Iran $37Billion in Illegally Held Assets
7. 3. 2021 No Responses

ICC Orders US to Pay Iran $37Billion in Illegally Held Assets

Tens of billions of dollars’ worth of Iranian assets remain stuck in US banks, with the vast majority of the funds trapped there in the aftermath of the Iranian Revolution of 1979. US courts have sought to whittle away at...
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GFC Alliance Lost Financing
5. 3. 2021 No Responses

GFC Alliance Lost Financing

Liberty Steel Group in Dire Straits Again as Mother Company GFC Alliance Lost Financing Sanjeev Gupta stops repayments to troubled lender Greensill Capital amid threat to UK steel jobs. The business empire headed by steel tycoon Sanjeev Gupta has stopped...
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